Charlottesville Area 2006 Market round up

Rather than copy and paste the entire article here, you can read CAAR’s Year End Market Report here (PDF).

In short, 2006 was another record-breaking year tempered by a (in some segments dramatic) return to normalcy. The “froth” or “irrational exuberance” has been blown away. Back to work.

My prediction for 2007? 4-7& average increase in values – different segments of the market will vary … more on this later.

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